Latest Business News Wires - Business Headlines


  • LONDON, May 15- Iran's oil exports dropped for a second month in April, the International Energy Agency said, moving closer to levels allowed by November's interim deal on curbing Tehran's nuclear programme.

  • May 15- Canada's Ivanhoe Mines Ltd said it would not be able to develop two mines in the Democratic Republic of Congo unless it gets more funds by the end of June. The company said it had consolidated working capital of about $149.8 million as of March 31, down from $201.7 million at Dec. 31.

  • *EBRD chief says loans to Russia could drop as economy slows. WARSAW, May 15- Lending to Russia by the European Bank for Reconstruction and Development could drop as the economy slows, the bank's head said on Thursday, while it may step up loans to countries at risk of economic damage from the Russia- Ukraine crisis.

  • UPDATE 1-Brazil retail sales slip unexpectedly in March Thursday, 15 May 2014 | 8:53 AM ET

    BRASILIA, May 15- Retail sales in Brazil dropped unexpectedly in March as rising food prices and interest rates ate into consumers' pockets, government data showed on Thursday, in the latest sign of weak economic growth in the first quarter. Retail sales volumes in Brazil fell 0.5 percent in March from February, the government statistics agency IBGE said.

  • *Cancellations and China sales slide since MH370 lost. KUALA LUMPUR/ SINGAPORE, May 15- Malaysian Airlines said the "dramatic impact" of the vanishing of flight MH370 pushed the serial loss maker to its worst quarter in over two years, hit by a sharp drop in overall passenger traffic and a slump in sales in China.

  • LONDON, May 15- Failure to qualify for European competition next season will cost English soccer club Manchester United more than 30 million pounds, Executive Vice-chairman Ed Woodward said on Thursday.

  • LONDON, May 15- Britain's finance minister named former White House adviser Kristin Forbes as a member of the Bank of England's rate-setting Monetary Policy Committee, continuing his trend of looking abroad for top BoE officials.

  • U.S. consumer prices post biggest gain in 10 months Thursday, 15 May 2014 | 8:32 AM ET

    WASHINGTON, May 15- U.S. consumer prices recorded their largest increase in 10 months in April, pointing to some inflation in the economy. The Labor Department said on Thursday its Consumer Price Index increased 0.3 percent last month as food prices rose for a fourth consecutive month and the cost of gasoline surged.


  • BRASILIA, May 15- Dilma Rousseff sometimes enters the cabin of her presidential plane, asks to see the flight plan and orders the pilot to fly around potential turbulence- even if it might add hours to the journey. Since taking office in 2011, Rousseff has often tried to control Brazil's economy in the same hands-on way.

  • TIMELINE-Key moments in Rousseff's presidency in Brazil Thursday, 15 May 2014 | 8:25 AM ET

    SAO PAULO, May 15- Brazilian President Dilma Rousseff is running for re-election in October after a first term marked by slow growth and a difficult relationship with investors, but also record-low unemployment and falling poverty.

  • LONDON, May 15- Nickel rebounded on Thursday, paring an earlier 10 percent loss as investors seized the opportunity to jump back into the market, where there are expectations of future gains as supply shortages become more severe.

  • PARIS, May 15- Weak consumer spending and business investment brought France's economy to a standstill in the first quarter of the year, raising doubts over the government's growth forecast and its pledge to meet EU deficit targets.

  • Ivanhoe warns of funding crunch at two mines in Congo Thursday, 15 May 2014 | 8:06 AM ET

    May 15- Canada's Ivanhoe Mines Ltd said it would not be able to develop two mines in Democratic Republic of Congo unless it gets more funds by the end of the second quarter. Kamoa produces copper while Kipushi also mines zinc, lead and germanium, Ivanhoe said in its first-quarter earnings release on Thursday.

  • LONDON, May 15- Pfizer's potential takeover of AstraZeneca poses a threat to British science unless the U.S. drugmaker can give more concrete, enforceable guarantees on jobs and investment, politicians scrutinizing the deal said on Thursday.

  • *France flatlines, government forecasts threatened. BRUSSELS/ BERLIN May 15- The euro zone economy grew much less than expected at the start of the year and inflation remained locked in the' danger zone' below 1 percent, increasing pressure on the European Central Bank to ease monetary policy at its next meeting in June.

  • India's BJP debates junking deficit cut roadmap Thursday, 15 May 2014 | 7:52 AM ET

    NEW DELHI, May 15- India's main opposition party, set to form the next government, is debating scrapping or revising a plan to cut the federal fiscal deficit to a nine-year low over the next three years, sources with direct knowledge of the situation told Reuters.

  • LONDON, May 15- European stocks edged higher on Thursday while the euro and debt yields fell as weak euro zone growth data intensified expectations that the European Central Bank will cut interest rates next month. European stocks rose 0.2 percent, having hit a six-year peak, while Germany's DAX set a new record high. The MSCI world equity index was steady.

  • *Wal-Mart profit falls as severe winter deters shoppers. *Wal-Mart Stores Inc reported a 5 percent fall in quarterly profit as severe winter weather hurt comparable sales in the United States. *The New York Fed's Empire State and Philadelphia Fed manufacturing surveys are due at 8:30 a.m. and 10:00 a.m. EDT, respectively.

  • *India battling slow economic growth, high inflation. NEW DELHI, May 15- India's monsoon may hit the southern Kerala coast around June 5, the weather office said on Thursday, in a likely delayed onset that raises fears of poor rains in the initial days of a monsoon season threatened by the El Nino weather pattern.